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S&P, Nasdaq post record closes on dovish Fed taper-talk

Stock MarketsAug 30, 2021 08:00PM ET

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JONAS BEZOS Aug 30, 2021 11:54AM ET
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USA is truly drop to 0 trust, they just ading new debt and call that great working economy
Neel Bhagat
Neel Bhagat Aug 30, 2021 11:54AM ET
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they will ruin small investors that's sure.
Theo Ross
Theo Ross Aug 30, 2021 11:54AM ET
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Debt is not a problem. The global economy is based on debts. You can even have debts used to pay debts, that's not a problem either.
Stan Smith
Stan Smith Aug 30, 2021 11:54AM ET
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Theo Ross Debt isn't a problem? Honestly, what planet are you from?
Tim Gilbert
TimothyTekno2020 Aug 30, 2021 11:54AM ET
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Stan Smith Debt is not a problem in itself. I dont know about you, but i had substantial student loan debt for my MBA, debt to buy my cars so i can go years later without any car payment, mortgage debt to buy my duplex thats nearly tripled in value in 11 years, and low interest revolving debt to buy everything from a new bathroom for tenants and major appliances to large car maintenance bills or airfare. Companies use low interest debt to expand operations, and sovereign debt is used to manange the ups and downs in tax revenue from economic cycle to stumulate when folks lose their jobs or income or to fund infrastructure or military needs.Excessive debt and high interest debts are a problem, particularly if cash flow becomes a problem, but debt has been used for millenia to foster opportunities and economic growth and is a fundamental necessity of capitalism and free markets.
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